by Calculated Risk on 12/19/2024 02:03:00 PM From the Census Bureau: Net International Migration Drives Highest U.S. Population Growth in Decades The U.S. population grew by nearly 1.0% between 2023 and 2024, according to the new Vintage 2024 population estimates released today by the U.S. Census Bureau. As the nation’s population surpasses 340 million, this…
The EUR/USD pair plunged to 1.0351 with a single-session fall of 1.32%. The instrument recorded its lowest close in two years. This slump was triggered by unexpectedly hawkish statements from the Federal Reserve, which made it clear that no rate cuts are anticipated in January. According to the updated FOMC forecasts, only two rate cuts…
OPEC+ expresses concern about a possible increase in oil production in the United States after Donald Trump returns to the White House. The expansion of U.S. supplies could undermine the alliance’s efforts to maintain prices and reduce its market share. OPEC+, which produces about half of the world’s oil, recently extended production restrictions until the…
by Calculated Risk on 12/18/2024 05:31:00 PM Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in November A brief excerpt: The NAR is scheduled to release November Existing Home sales tomorrow, Thursday, December 19th at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96 million in…
by Calculated Risk on 12/18/2024 02:09:00 PM Statement here. Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. Here are the projections. Since the last projections were released, economic growth has been above expectations, the unemployment rate is below expectations, and inflation close to expectations (although there are some “base…
by Calculated Risk on 12/17/2024 07:07:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Housing Starts for November. The consensus is for 1.344 million SAAR, up…
The German Finance Ministry has decided to introduce a temporary budget for the beginning of 2025. The reason for this step was the actual collapse of the coalition government of Chancellor Olaf Scholz and preparations for early parliamentary elections scheduled for February 23. Finance Minister Joerg Kukis has initiated a special anti-crisis mechanism for managing…
by Calculated Risk on 12/17/2024 01:00:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in November A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National…
The main events by the morning: December 17 Source link
by Calculated Risk on 12/16/2024 07:13:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn’t great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a distinct lack of logical motivation from the economic data. In fact, on a…